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StatoilHydro Crosses Above its 10-day MA (STO)

By James Quinn

Today, shares of StatoilHydro (NYSE:STO) have advanced above their 10-day MA of $16.42 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of StatoilHydro have traded between a low of $10.89 and a high of $21.72 and are now at $16.60, which is 52% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 1.48% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in StatoilHydro. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of StatoilHydro in search of a potential trend change.

Keywords: moving crosses statoilhydro

Ticker(s): STO